Navigating the 2024 Tax Landscape: Key IRS Adjustments and Their Implications
Legacy Private Trust Company presents an overview of the Internal Revenue Service’s recently announced inflation adjustments. These adjustments, detailed in Revenue Procedure 2023-34, are crucial for taxpayers preparing for the 2024 tax year. Here’s what you need to know about these adjustments, which will primarily affect tax returns filed in 2025. Increased Standard Deductions A […]